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Apr 3, 2013
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this is not just in the past years of the obama administration. and the bush administration had to deal with this before. the clinton administration had to deal with them. we don't really have an answer because this is an unstable government with an untested, untried dictator who's 29 years old. >> and here's my problem, kellyann, is that we need china in this, as we talked about with wesley clarke earlier. and we need people who have relationships with china, high-level state-level relationships. aside from a few people in the administration who have been there from the president's first term, i'm not sure who's going to have -- does john kerry have it to deal with china if he has to? >> i would hope so. he's our secretary of state now. but there's no evidence that this was a burning issue to him when he was in the united states senate. when he ran for president i didn't hear him talk about it as much as he talked about other issues. >> well, to be fair it's all inflamed in the last two weeks. >> that's true. but to keith's point, that's why i wo
this is not just in the past years of the obama administration. and the bush administration had to deal with this before. the clinton administration had to deal with them. we don't really have an answer because this is an unstable government with an untested, untried dictator who's 29 years old. >> and here's my problem, kellyann, is that we need china in this, as we talked about with wesley clarke earlier. and we need people who have relationships with china, high-level state-level...
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Apr 14, 2013
04/13
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record -- it was higher under the obama administration. >> what role did your office take in reviewing the affordable care act rules. >> my office had a role in overseeing those rules so they are issued only once they have passed through the scrutiny my office provides and i was one of the team of people in the white house and there are other parts of the executive branch that tried to work hard to make the rules legal and sensible. >> what do you say to those who say, look, this is the reason companies are sitting on cash. there's something like $3.6 trillion on balance sheets from corporate america. they say we are sitting on the money and not going to use it to create jobs and higher people. too many rules like health care reform impacts the efficiency of my business and this is strangling growth. >> if there are rules that are coming that people are nervous about to work with the federal government to make them less a source of nervousness and extremely important and that's ongoing. i don't think the economists believe that regulatory fear subpoena the principal source of economic
record -- it was higher under the obama administration. >> what role did your office take in reviewing the affordable care act rules. >> my office had a role in overseeing those rules so they are issued only once they have passed through the scrutiny my office provides and i was one of the team of people in the white house and there are other parts of the executive branch that tried to work hard to make the rules legal and sensible. >> what do you say to those who say, look,...
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Apr 2, 2013
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. >> this is a huge endorsement of the obama administration strategy over the last four years. why? every year under obama, natural gas production has gone up. it's reached an all-time high. we are expected to become a net exporter in 2014. he just appointed to u.s. energy secretary and epa proponents of fracking. this doesn't just happen magical magically. we have had leadership under this administration and it's added a huge number of jobs. >> but you know the increase -- the increase is happening on the nonfederal lands, right? the federal lands -- it's either flat or down. >> no, but we have a guy in the oval office who understands, you can marry sound business practices with good environmental policy that equals natural gas obtained through fracking. so we get clean energy, you add jobs. i mean, there's -- >> do you agree, mark? you're suggesting cuomo in new york is regulating too much. how do you feel about president obama? >> i think one of the problems with president obama, he does a lot more talking than acting and he's great at being a proponent, a speaker. but he's not g
. >> this is a huge endorsement of the obama administration strategy over the last four years. why? every year under obama, natural gas production has gone up. it's reached an all-time high. we are expected to become a net exporter in 2014. he just appointed to u.s. energy secretary and epa proponents of fracking. this doesn't just happen magical magically. we have had leadership under this administration and it's added a huge number of jobs. >> but you know the increase -- the...
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Apr 29, 2013
04/13
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why is it the obama administration hates business? what? wrong with going to hooters, what's wrong with taking a couple young doctors to hooters to have a hamburger? i think the obama administration hates drug companies. they also hate health insurance companies. you know what is a close third, they especially hate oil and gas. all right. that's really something. you know in this company, work in the private sector, sales people take their clients out to dinner all the time. they go to conferences. they have their clients speak. are we supposed to believe, by the way that doctors are too stupid to know the difference between a drug that works and one that doesn't? i just don't get this. i want to bring in, utah congressman chapins. what do you thinkant this? i don't get this. goetd, you tell me. >> i got to believe the doctor isn't suddenly prescribing something because he got some wings at hooters. it seems like it goes beyond -- they're sensationalizing this. if they have a case to make, go to if court. they can go through the adjudicatio
why is it the obama administration hates business? what? wrong with going to hooters, what's wrong with taking a couple young doctors to hooters to have a hamburger? i think the obama administration hates drug companies. they also hate health insurance companies. you know what is a close third, they especially hate oil and gas. all right. that's really something. you know in this company, work in the private sector, sales people take their clients out to dinner all the time. they go to...
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Apr 23, 2013
04/13
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does it put heat on the obama administration? just explain. walk us through this. >> i will. secretary hagel, his first visit to the region, his conversations with israel. the concern here is the word "red line." you recall the prime minister used that at the united nations last fall. the president of the united states and the secretary of state, mrs. clinton, have used the word "red line" with regard to certify i can't, netanyahu used the word "red line" with regard to iran. right now, my information is that jerusalem, israel, the government, is looking to task the obama rhetoric. will they move on syria. because if they won't, that tells israel that the word "red line" has no significance, and therefore, israel has to recalculate its approach toi iran. the politics of this trump the medical facts on the ground. >> steve mcmann, will the president move, if they do find physical evidence of these chemical weapons? >> i think he will. the question is what does movement look like. we intervene, but who are we supporting and where does that support lead? and does it lead to a be
does it put heat on the obama administration? just explain. walk us through this. >> i will. secretary hagel, his first visit to the region, his conversations with israel. the concern here is the word "red line." you recall the prime minister used that at the united nations last fall. the president of the united states and the secretary of state, mrs. clinton, have used the word "red line" with regard to certify i can't, netanyahu used the word "red line"...
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Apr 22, 2013
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this is what the obama administration wants. they don't care about the intelligence. they made it very clear they want people to have lawyers, to have trials and if we lose intelligence in the process, they say that's regrettable but that's just the way it is. that is unacceptable to me. it should be unacceptable to anybody who cares about preventing future terrorist attacks. >> mitch epnor it has my back up. who cares about my back. all i'm saying it sounds like this is the criminal justice model not a terrorist bombing warfare model. that's something that if administration has been accused of. did they make a mistake here? >> well, i'm going to agree it is a criminal justice model and not a terrorist enemy combatant model. that's clearly true. >> why is it true? >> it's true because he was charged under a criminal complaint today. he was brought before a magistrate. they followed standard operating procedure, every appearance to a criminal complaint t. magistrate always, always informs the defendant that he has a right to a lawyer, that he doesn't have to make any s
this is what the obama administration wants. they don't care about the intelligence. they made it very clear they want people to have lawyers, to have trials and if we lose intelligence in the process, they say that's regrettable but that's just the way it is. that is unacceptable to me. it should be unacceptable to anybody who cares about preventing future terrorist attacks. >> mitch epnor it has my back up. who cares about my back. all i'm saying it sounds like this is the criminal...
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Apr 1, 2013
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but the obama administration did take steps to save money today. press secretary jay carney saying 480 staffers at the office of management and budget have received furlough notices. they have to take unpaid days off. and michelle, more on that. jay carney also told reporters they are going to significantly scale back on equipment purchases, curtail staff travel, and reduce the use of air cards. >> don't move, seema, stick around. let's bring back christy and ron myer, talk about the budget cuts. is this the way the sequester should've gone? there was all this fear amongering about how planes were going to fall from the sky, et cetera, et cetera. that's turned out to be exaggeration, right? >> i don't know. i don't think it's a good idea to furlough air traffic controllers, but i think what the white house is showing here, they're going to walk the walk. they had talked for a long time about the sequester being a pain that was going to be felt by everyone on all sides. clearly felt within among their own employees. >> this is totally a pr ploy. jus
but the obama administration did take steps to save money today. press secretary jay carney saying 480 staffers at the office of management and budget have received furlough notices. they have to take unpaid days off. and michelle, more on that. jay carney also told reporters they are going to significantly scale back on equipment purchases, curtail staff travel, and reduce the use of air cards. >> don't move, seema, stick around. let's bring back christy and ron myer, talk about the...
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Apr 9, 2013
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. >> the goal of the obama administration -- goal of this president, is to raise the revenue base of the government to solve the problem long-term through taxes. he might give a few good things to us on the right in order to get that, but that's his -- >> such as. >> maybe modest entitlement reform, not enough. the tax reform issue, the question is will he allow the top rate, marginal rates he has been crusading to raise ever since he first started running for president, will he allow them to come down in the context of a revenue-raising tax -- >> so far the answer is no. so far he wants -- >> but if he will, i think that there is a chance. i don't think that jimmy is going to agree with me on that. i think there is a chance it could happen. >> i want to be fair. mr. hatch here? all right. we have mr. -- senator orrin hatch, ranking republican on the finance committee. good to see you, orrin. thank you very much for coming on. we sort of got a little head start against you. i was going to ask you this point, sir. look, i'm pretty skeptical about reforming the personal code. we just w
. >> the goal of the obama administration -- goal of this president, is to raise the revenue base of the government to solve the problem long-term through taxes. he might give a few good things to us on the right in order to get that, but that's his -- >> such as. >> maybe modest entitlement reform, not enough. the tax reform issue, the question is will he allow the top rate, marginal rates he has been crusading to raise ever since he first started running for president, will...
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Apr 22, 2013
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so the tension is going to focus on the obama administration and following this. we saw during the presidential election campaign mitt romney continually criticized the president being soft on terrorism inspect.. >> and the benghazi incident where it seemed they -- responding to the threat sfp. >> the obama administration was reluctant to use the word terrorism and link it with al qaeda. we saw that a little bit last week, a day before the word "terrorist" was used. this is the line the republicans will use against the president, that he's soft on terror. we're already seeing senior republicans accusing the fbi of dropping the ball on this one, senator lindsay graham and senior members of the house. >> are they justified? is there any way of knowing how many threats like this come into the u.s. on a daily, even hourly basis, and whether in the grand scheme of thing this one ought to have raised the flags? >> i'm not privy to the particular piece of intelligence on this. i imagine obviously they would have thousands of these and things on an annual basis. lindsey g
so the tension is going to focus on the obama administration and following this. we saw during the presidential election campaign mitt romney continually criticized the president being soft on terrorism inspect.. >> and the benghazi incident where it seemed they -- responding to the threat sfp. >> the obama administration was reluctant to use the word terrorism and link it with al qaeda. we saw that a little bit last week, a day before the word "terrorist" was used. this...
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Apr 8, 2013
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because recently they actually made a plea to the obama administration to try and put pressure on japan to try and stop weakening. there are other sectors affected by this as well, like large tech, large pharmaceuticals. >> i think if you look at companies, multinationals overseas, who sells there, 56% of the earnings from those two sectors come from overseas. so they're definitely in the cross-hairs. you could also think of phillip morris, corning. of course, mcdonald's. those are the, you know, canaries in the coal mine. currencies are all about speed and sustainability. when you get a 25% move in less than four months, it really causes havoc for any kind of hedging capabilities that companies have. they just can't adjust fast enough. so you're going to see a hit to earnings. the more worrisome thing is whether or not they'll start to see their sales decline. that's a big concern for future earnings periods. >> andy, i mean, the dollar, i guess, maybe we're the victims of our own success here in the united states. the federal reserve trying to dampen interest rates here, the dollar sh
because recently they actually made a plea to the obama administration to try and put pressure on japan to try and stop weakening. there are other sectors affected by this as well, like large tech, large pharmaceuticals. >> i think if you look at companies, multinationals overseas, who sells there, 56% of the earnings from those two sectors come from overseas. so they're definitely in the cross-hairs. you could also think of phillip morris, corning. of course, mcdonald's. those are the,...
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Apr 7, 2013
04/13
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my guests, the harvard law professor who took on regulatory reform for the obama administration. >>> each week, keepit right here where we are "on the money." see you next weekend. (train horn) vo: wherever our trains go, norfolk southern. one line,
my guests, the harvard law professor who took on regulatory reform for the obama administration. >>> each week, keepit right here where we are "on the money." see you next weekend. (train horn) vo: wherever our trains go, norfolk southern. one line,
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Apr 26, 2013
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the obama administration yesterday saying it thinks president assad's military did use the chemical weapons but hasn't said whether it crossed the so-called red line. >>> lastly the twinkie is making a comeback. the new management at hostess is bringing them back by this summer, but they will be made without unions. the company management blamed union rules and management for sending them into liquidation, labor experts say this is a huge blow, because hostess was able to go into bankruptcy and essentially get out of those union articles. an article on cnbc.com about this, one thing they will not do is change the recipe. >> all right, thank you, bertha coombs, we appreciate it. >>> now, the total vict i for the republicans. democrats backed down at the furlough at the faa by merely switching money around without touching a dime of the overall spending cuts. we will talk about the winners and the losers with our super free market friday panel just ahead. [ tires screech ] . >>> welcome back to "the kudlow report," i'm larry kudlow. was it a high stakes poker game that killed a man's bid to b
the obama administration yesterday saying it thinks president assad's military did use the chemical weapons but hasn't said whether it crossed the so-called red line. >>> lastly the twinkie is making a comeback. the new management at hostess is bringing them back by this summer, but they will be made without unions. the company management blamed union rules and management for sending them into liquidation, labor experts say this is a huge blow, because hostess was able to go into...
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Apr 29, 2013
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i think it was certainly the case that the obama administration has less interest in getting actively involved militarily in syria than some parts of the republican party, including senator mccain. but it's really -- you can't do the right thing in this. there's no real easy answer out of this. so i think saying that that red line was a problem and now that it's been crossed is really kind of the crime over spilled milk at this point. what we have to deal with is the current situation and the regime going forward. >> how does this situation then evolve right now, david? >> certainly we're seeing attempts too try and create an international solution to this. but it's quite clear that russia and china ma have no interest in active involvement in the u.n. so it's probably going to come down to a nato action or even a u.s.-led action to deal with this situation. and it will be very interesting to see what the obama administration is able to do with western europe as all these countries want to avoid a grouped conflict significantly. >> does that mean they -- actually, all that happens is
i think it was certainly the case that the obama administration has less interest in getting actively involved militarily in syria than some parts of the republican party, including senator mccain. but it's really -- you can't do the right thing in this. there's no real easy answer out of this. so i think saying that that red line was a problem and now that it's been crossed is really kind of the crime over spilled milk at this point. what we have to deal with is the current situation and the...
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Apr 1, 2013
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the obama administration and the states say they are moving forward for the start of enrollment season. one big question, how many people will show up to be insured and how many of them will gain coverage through medicare expansion. the supreme court let states opt out of that part of the affordable care act last week. tennessee became the 18th republican state led by a republican governor to opt out. those are the states in red. but the states opting out could still see a spike in medicare enrollment. a third of the 21 million people who could gain coverage are already eligible. they just haven't signed up. that could change this fall. >> there is going to be a big public education and outreach campaign that will kick into high gear this summer. so you may have a lot of people who didn't realize that they were eligible coming into state medicaid offer offices. >> when it comes to medicare and medicaid, a big announcement this afternoon for the centers of medicare and medicaid. last month, the news hitting medicare advantage. the stocks are mixed today. hum humana is higher on the hope
the obama administration and the states say they are moving forward for the start of enrollment season. one big question, how many people will show up to be insured and how many of them will gain coverage through medicare expansion. the supreme court let states opt out of that part of the affordable care act last week. tennessee became the 18th republican state led by a republican governor to opt out. those are the states in red. but the states opting out could still see a spike in medicare...
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Apr 2, 2013
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. >> the obama administration and shareholders with providers bring a big sigh of relief. maybe beneficiaries, seniors, retires as well since the spin is it provides stability and improves choice. the plan was to lower reimbursements by 2.3% as a part of a way to customer costs. instead, after that, heavy lobbying, or as the administration says, careful consideration, to insurers and providers will go up by more than 3%. talk about a reversal of fortune. we'll click through the stocks. you can see the pattern is similar. they all fell sharply, rebounded with the market, but lost steam against as the reimbursement rates initial lip came out. the cut coming back now today, look at cigna, humana, all is well, right? not so fast says the ceo of humana, says other cuts pretty much wipe out the increase in reimbursements. we are pleased that they recognize the significant negative impact of the initial rate changes, but says there are meaningful challenges in certain geographies. the stocks are getting a healthy, healthy boost today. sue? >> thank you very much, scott. >>> bull
. >> the obama administration and shareholders with providers bring a big sigh of relief. maybe beneficiaries, seniors, retires as well since the spin is it provides stability and improves choice. the plan was to lower reimbursements by 2.3% as a part of a way to customer costs. instead, after that, heavy lobbying, or as the administration says, careful consideration, to insurers and providers will go up by more than 3%. talk about a reversal of fortune. we'll click through the stocks....
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Apr 24, 2013
04/13
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administration of making a green energy bad bet. democrats defending a program they say has made more than $8 billion in auto industry loans with a 98% success rate. >> this is not a well thought out startup. it had a fancy design an big names behind it but no real business acumen. >> but the world outside the beltway, anyone who exceeds expectations 98% of the time gets an 5-plus. that's what the doe's performance has been in this program. >> fisker automotive received $196 billion before it was frozen in 2011. documents show they knew a year earlier, they were missing key product benchmark, a top official and fivger's founder defended their actions. >> decisively to protect if taxpayers' interest, since it became ev dent that fisker faced financial difficulties. >> fisker was transparent with the department about its progress at all times. >> in recent day, the government has taken the unusual step of seizing $21 million from fisker's cash revs. that mean eowe cash reserves, that means taxpayers are on the hook for at least $170 m
administration of making a green energy bad bet. democrats defending a program they say has made more than $8 billion in auto industry loans with a 98% success rate. >> this is not a well thought out startup. it had a fancy design an big names behind it but no real business acumen. >> but the world outside the beltway, anyone who exceeds expectations 98% of the time gets an 5-plus. that's what the doe's performance has been in this program. >> fisker automotive received $196...
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Apr 25, 2013
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>> aman, in reading these reports and listening to you, the first step the obama administration is going to do is veestigation by the united nations. that, itself, may be criticized heavily by republicans in congress. are they going to the u.n. first? >> this is something the u.s. administration wants to happen. they need the backing for there to be any possible intervention. the united nations investigators who have been trying to get access in syria are denied so far. they are currently in cyprus. they have been unable to enter syria. their only investigation is to talk to refugees who have left these areas. you can see or understand the criticism the u.s. investigators who are not on the ground inside syria probably would not have the same intelligence the u.s. has been able to gather along with its allies. so there is some criticism to what added value an investigation on the ground could do. at the same time if the u.s. is going to use any type of military intervention, it is going to need the support of the international community. that can only happen through the united statess. >
>> aman, in reading these reports and listening to you, the first step the obama administration is going to do is veestigation by the united nations. that, itself, may be criticized heavily by republicans in congress. are they going to the u.n. first? >> this is something the u.s. administration wants to happen. they need the backing for there to be any possible intervention. the united nations investigators who have been trying to get access in syria are denied so far. they are...
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Apr 5, 2013
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but first, the director of president obama's national economic council is up next. gene sperling, he is here with his take on today's surprising unemployment number and how the administration plans to handle it. that and a lot more coming up on "closing bell." stay with us #. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. well, the jobs report for the month of march sending the yield on the ten-year to the lowest level of the year. did the bond market have it right all along? are the u.s. economies on the slow road back to recovery and is the great rotation out of bonds into stocks just about over. jeff cox over at cnb
but first, the director of president obama's national economic council is up next. gene sperling, he is here with his take on today's surprising unemployment number and how the administration plans to handle it. that and a lot more coming up on "closing bell." stay with us #. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better...
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Apr 16, 2013
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, which were increased in the obama administration. so we're producing more and we're using less. and that's why the price of fuel is down a bit. >> all right. makes a lot of sense. fred, good to have you on the program. thanks very much. >> thank you. >> we'll be cheering on your folks here as they ring the closing bell. bill? >> all right. we're coming back a little bit here. the douw was up 151 at the high of the dead, we're up 131 right now. >> apparently, bill, the bias is to the buy side here on the floor. >> good to know. >> we'll see what happens. >>> up next, a thing who knows a thing or two about terrorism. former new york city mayor rudy us what we can learn from the explosions in boston and how to navigate this. yeah, i'm married. does it matter? you'd do that for me? really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really good deal. jake from state farm at three in the morning. who is this? it's jake from state farm. what are you wearing, jake from state farm? [ jake ] uh...
, which were increased in the obama administration. so we're producing more and we're using less. and that's why the price of fuel is down a bit. >> all right. makes a lot of sense. fred, good to have you on the program. thanks very much. >> thank you. >> we'll be cheering on your folks here as they ring the closing bell. bill? >> all right. we're coming back a little bit here. the douw was up 151 at the high of the dead, we're up 131 right now. >> apparently,...
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Apr 4, 2013
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and find out what he thinks about the obama administration's push to get banks to lend more to people with weaker credit. back in a moment. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> welcome back. with the jobs report out first thing tomorrow morning, the other big piece of the puzzle for the economy is housing. and spring is the most important season for the market. how does it look right now? joining me right now, doug lebda, he is ceo of lending tree. his earnings rising consistently and he joins us now for an exclusive interview. good to see you. >> thank you. >> thank you so much for joining us. let's talk first about the president's plan, in terms of pushing banks to ease lending standards to those people with weaker credit. is this a effective, good idea, bad idea? ow do you see it? >> i think overall, what they're doing, it's a net good idea. when yo
and find out what he thinks about the obama administration's push to get banks to lend more to people with weaker credit. back in a moment. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> welcome back. with the jobs report out first thing tomorrow morning, the...
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Apr 4, 2013
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can control what they are doing. >> part of what needs to be assessed whether this is the obama administration's treatment come true. they have put the word out do not try to mitigate any of the negative impacts associated with the sequester cuts. i don't think the doctors have risen up en masse and collaborating to harm cancer patients but some of the sequester cuts will ring out inefficiencies. that will take some time. some sequester cuts are not well thought out, haven't been thought through and there will need to be a fix. but everybody should be skeptical about any of the initial problems associated with the sequester and whether or not they are what obama wants in the first place and that's for victims to start manifesting themselves and the weakest among us to start complaining about these draconian cuts. >> you're in accordance with governor dean. >> i agree with him. >> this is not muc ado about nothing and i don't think the president wants to inflict pain on the american people. i agree with the doctor to some extent. these hospitals will be an accountable care organization. the only
can control what they are doing. >> part of what needs to be assessed whether this is the obama administration's treatment come true. they have put the word out do not try to mitigate any of the negative impacts associated with the sequester cuts. i don't think the doctors have risen up en masse and collaborating to harm cancer patients but some of the sequester cuts will ring out inefficiencies. that will take some time. some sequester cuts are not well thought out, haven't been thought...
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Apr 16, 2013
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. >> every time the obama administration does an audit, in which they have to fire all their illegal aliens, there are americans lined around the block. there have been no problems -- >> i want to raise one point. doug holtz okayin who runs the american action forum, a smart guy, ran the congressional budget office. he told me, we should have about 500,000 legal new immigrants per year. and if we do that, the economic growth rate will rise by 1 percentage point each year for about ten years. >> and let me add something. >> what i'm saying is -- we not only need to legalize the workers here in this marco rubio reform bill. but down the road, we've got to add a half million people a year. that will make the labor force break even or somewhat higher, because that will take care of the decline. >> larry, you left out something. >> that lowers the budget deficit by 2.7 did his trillion. >> there is something else. he also finds the actual per capita income rises. so not just the entire economy grows, but the economy grows per capita basis. >> i believe -- >> biggest single competitive adv
. >> every time the obama administration does an audit, in which they have to fire all their illegal aliens, there are americans lined around the block. there have been no problems -- >> i want to raise one point. doug holtz okayin who runs the american action forum, a smart guy, ran the congressional budget office. he told me, we should have about 500,000 legal new immigrants per year. and if we do that, the economic growth rate will rise by 1 percentage point each year for about...
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Apr 2, 2013
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. >> yeah, maria, welcome news, and a surprising reversal have the obama administration, which has as recently as february wanting to cut medicare reimbursements by more than 2%. this is aimed at fulfilling a key cost-cutting goal of the health care act. apparently the outcry was too much. after what the administration calls careful consideration of public comments, a 2% cut has become a reimbursement. take a look at how the managed care stocks have performed as a group. they fell after the election, and again in february after those cuts were proposed, today the stocks are back big-time. that index up 3%. reimbursements are going up, but deductibles are going down. premium increases for medicare advantage are limited. and there are also new cost controls in effect as well. plus, of course, health care costs in general are going up. the president of humana said today that the changes, all told, still create what he called meaningful challenges that they are still evaluating. bill, maria, back to you. >> scott, thanks very much. it wasn't lost on the stock market, after this announceme
. >> yeah, maria, welcome news, and a surprising reversal have the obama administration, which has as recently as february wanting to cut medicare reimbursements by more than 2%. this is aimed at fulfilling a key cost-cutting goal of the health care act. apparently the outcry was too much. after what the administration calls careful consideration of public comments, a 2% cut has become a reimbursement. take a look at how the managed care stocks have performed as a group. they fell after...
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Apr 5, 2013
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and north korea, the obama administration says it's not as concerned as you might think. what they're saying out of the white house. >>> gold rebounding after a week of declines. is it worth buying the metal at these levels? we'll have a good old-fashioned bull/bear tussle. top of the hour. scott, back to you. >> look forward to that at the top of the hour. >>> hedge funds, slow but steady is winning the race. clorox, general mills, campbells soup are leading the year's rally and beating the s&p. joining us to explain why the so-called grandma stocks is yahoo!'s mike santoli. welcome back. this is an interesting one. a lot of people don't realize it. why do you think it's happening? >> these stocks could have been put into a conservative portfolios 40 years ago. but basically people are buying pieces of paper issued by what i callvate nation states. multinational companies that have high and rising dividends. it is the most bondlike paper in the stock market. it's just right adjacent to high yield data on the risk spectrum. to me that tells you a lot about what's been mot
and north korea, the obama administration says it's not as concerned as you might think. what they're saying out of the white house. >>> gold rebounding after a week of declines. is it worth buying the metal at these levels? we'll have a good old-fashioned bull/bear tussle. top of the hour. scott, back to you. >> look forward to that at the top of the hour. >>> hedge funds, slow but steady is winning the race. clorox, general mills, campbells soup are leading the year's...
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Apr 25, 2013
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the fact is is the 2013 budget request by the obama administration is essentially the same level of this post-sequester faa budget is. so it's all a game. and it's the desire not to trim the size of the federal government and hurt the american people, the american airlines, the businesses that are dependent upon it, and do it in such a cynical way, as they think the american people are going to believe this. the fact is, they're still keeping on board to train people, even though they're shutting down the schools. so they are going to be paying people, instructors, who have nobody to teach. but they're not going to furlough them. they're furloughing the controllers, and there's 650 fewer controllers now than there were in 2010, they're making a ton more. they don't need anything new to change and fit within this sequester. it's all dishonest. >> senator, you know how all this works very well. i mean, the sequester was designed as a draconian, last-ditch issue if no other agreement could be reached in washington, to bring the deficit down in a more balanced fashion, to use the president's
the fact is is the 2013 budget request by the obama administration is essentially the same level of this post-sequester faa budget is. so it's all a game. and it's the desire not to trim the size of the federal government and hurt the american people, the american airlines, the businesses that are dependent upon it, and do it in such a cynical way, as they think the american people are going to believe this. the fact is, they're still keeping on board to train people, even though they're...
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Apr 5, 2013
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>> first of all, it's absurd to say that the obama administration fiddles with the data. the bureau of labor statistics is a very professional organization. their integrity is beyond criticism. the numbers are put together by professional staff so that kind of silliness should just be off the air. >> what about the subject of the continued decline in labor force? >> the labor force participation peaked back in 2000. the bush administration, and the counsel of economic advisors and the bush administration that we'd see participation declining. we're getting older as a nation and that's an issue that we face. that said, we should really keep focused on the big issue here which is speeding up job growth. we've had 37 months in a row of private sector job growth and 6.5 jobs, but we want to speed that up, given how many people lost their jobs in the economic crisis it's important that we keep our eye on the ball which is doing everything we can to support job growth in the economy and to do what the president said, his north star, to make america a magnet for job creation and
>> first of all, it's absurd to say that the obama administration fiddles with the data. the bureau of labor statistics is a very professional organization. their integrity is beyond criticism. the numbers are put together by professional staff so that kind of silliness should just be off the air. >> what about the subject of the continued decline in labor force? >> the labor force participation peaked back in 2000. the bush administration, and the counsel of economic advisors...
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Apr 10, 2013
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still to come, it's a big day in washington as the obama administration presents its budget for 2014. will the president get the grand bargain he's hoping for? we'll talk about it when we come back. >>> a reminder of where futures are trading. a record close for the dow yesterday. we could get another one today. >>> you're watching "worldwide exchange." a recap of headlines today. european stocks pick up following a record close on wall street. action now turning to fed minutes released later today. >>> a surge in imports leads china to signal the domestic economy is still alive and kicking and south korean and japan remain on guard. new reports suggest pyongyang may be preparing to launch a missile test any day now. >>> sign, sealed and about to be delivered. president obama sends his annual budget to congress today with both democrats and republicans objecting to his plans to cut the u.s. deficit. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> just joined us stateside, good morning to you. be aware of the record close on the
still to come, it's a big day in washington as the obama administration presents its budget for 2014. will the president get the grand bargain he's hoping for? we'll talk about it when we come back. >>> a reminder of where futures are trading. a record close for the dow yesterday. we could get another one today. >>> you're watching "worldwide exchange." a recap of headlines today. european stocks pick up following a record close on wall street. action now turning to...
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Apr 3, 2013
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. >>> obama administration pushing u.s. banks to make more home loans to people with weaker credit. sounds like stories of the past. "the washington post" reports the president's economic advisers say the housing market is leaving too many behind as it rebounds especially young people looking to buy their first home and those whose credit reports were hurt by the recession. housing officials are urging they won't face penalties to people who later default. it opens the door to risky lending that led to the housing crisis in the first place. the same is happening here in britain. >>> bp put its wind power business up for sale. the unit is worth $1.5 billion is a retreat from alternative energy to focus on core oil and gas operations. wind power is one of the largest renewable businesses and bp is among the largest u.s. wind generators. shares are just fractionally higher in london today. that's outperforming the market. hash tag earnings. s.e.c. making a big decision regarding company news and social media. bertha coombs at cnbc global headquarters with more on the s.e.c.'s decision.
. >>> obama administration pushing u.s. banks to make more home loans to people with weaker credit. sounds like stories of the past. "the washington post" reports the president's economic advisers say the housing market is leaving too many behind as it rebounds especially young people looking to buy their first home and those whose credit reports were hurt by the recession. housing officials are urging they won't face penalties to people who later default. it opens the door...
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Apr 2, 2013
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the administration to keep managed care in the market. obama always says he wants seniors, if they're happy, to keep that option. if they prefer a government plan, to have that option as well. throughout health care reform several cuts hit the managed care plans. it is taking down rates by 2.3%. there's an mlr minimum that assures if they don't hit 85% of premium revenues spent on medical expenses it's getting rebated back. so there are still those items intact. but what really changed last night is what with he refer to as the dock fix or sustainable growth rate. since 2010, physicians were supposed to have their fees cut. and that was supposed to bring down overall health care spending. but if you put these in, some of us are going out of business. they have been playing it. the current delay was scheduled to expire at the end of this year. they had been paying the managed care, as if these cuts were going into place. what happened last night is they're on apples to apples basis. we saw 500 basis points improvement from that change. >>
the administration to keep managed care in the market. obama always says he wants seniors, if they're happy, to keep that option. if they prefer a government plan, to have that option as well. throughout health care reform several cuts hit the managed care plans. it is taking down rates by 2.3%. there's an mlr minimum that assures if they don't hit 85% of premium revenues spent on medical expenses it's getting rebated back. so there are still those items intact. but what really changed last...
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Apr 5, 2013
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nikkei up 200. >> the losses have more than doubled since 6:00 a.m. >> obama administration. >> i'm sorry. >> austin is here too. >> many, many years ago, you were comparing me to this fellow to my right. >> oh, he's better looking. >> i said are you kidding me? >> let's take a look at the market. they have gotten much worse through the morning. down 80 points below fair value. we have seen a swing every day. markets gone down one day and up the next. this morning we are looking weaker. overseas in asia this is what joe was just talking b. nikkei up 1.6%. hang seng down 2.7%. george is talking to cnbc asia about the situation in japan, the boj's action and the yen. >> japan is doing is actually quite dangerous because they are doing it after 25 years of accumulating deficits and not getting the economy going. if the yen starts to fall, which is has done, then the fall may become like an avalanche. >> the yen is at 96.22. massive moves based on the boj. among some of the other stories we have been following, what's happening in europe this morning, some weakness there. germany down more th
nikkei up 200. >> the losses have more than doubled since 6:00 a.m. >> obama administration. >> i'm sorry. >> austin is here too. >> many, many years ago, you were comparing me to this fellow to my right. >> oh, he's better looking. >> i said are you kidding me? >> let's take a look at the market. they have gotten much worse through the morning. down 80 points below fair value. we have seen a swing every day. markets gone down one day and up the...
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Apr 4, 2013
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height securities predicted that the obama administration would eliminate planned cuts in payments to insurers running medicare plans. now, that policy change was announced 35 minutes later pap height executive tells the journal that the firm didn't do anything wrong, but simply followed up on a rumor about plans for centers to medicare and medicaid services had put out there. the expected report from the gao is said to suggest it's hard to figure out how traders get their information. but senator chuck grassley says there is a chance that what political intelligence firms are doing is unfair to everyday investors. the current rules clearly profit some behavior to get inside information from the government. other strategies appear to be legal. the question is, which these were. you can imagine there will be follow-up. >>> in an unrelated story from gao, the federal watchdog is faulting regulators for a re view of foreclosure documents. a report says the agency did not adequately monitor firms done conducting that work. >>> coming up, a live report from beijing. we'll talk about the te
height securities predicted that the obama administration would eliminate planned cuts in payments to insurers running medicare plans. now, that policy change was announced 35 minutes later pap height executive tells the journal that the firm didn't do anything wrong, but simply followed up on a rumor about plans for centers to medicare and medicaid services had put out there. the expected report from the gao is said to suggest it's hard to figure out how traders get their information. but...
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Apr 22, 2013
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administration will do. after all, he is a u.s. citizen. he carried out the crime on u.s. soil. and there doesn't seem to be a whole lot of legal basis to try him as enemy combatant, which is not to say there aren't going to be more calls particularly from the right to do just that. >> when in theory you have so much evidence on american soil, why tarnish the prosecution by going enemy combatant. if you have no backlash from anybody who says you didn't do it the right way. >> he stole a suspect. but clearly -- you've got to walk through the process, right? >> i was thinking this weekend, again, and i'm speculating, you read the articles. we know now he ran after his own brother. you know what the defense is going to be. i was brainwashed by my brother. i ran over him to get away. >> the older brother, basically was even asked to leave his own mosque because his anti-american views were so strong that the islamic community in cambridge was outraged. >> if they saw this happen, raise this question and raise hi
administration will do. after all, he is a u.s. citizen. he carried out the crime on u.s. soil. and there doesn't seem to be a whole lot of legal basis to try him as enemy combatant, which is not to say there aren't going to be more calls particularly from the right to do just that. >> when in theory you have so much evidence on american soil, why tarnish the prosecution by going enemy combatant. if you have no backlash from anybody who says you didn't do it the right way. >> he...
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Apr 2, 2013
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i personally think it goes back to that he is caught in the inner governmental warfare after the obama administration challenged two chinese companies over cyber security, and i think this is a retaliation. so tim was being caught in the middle. he did the right thing, and it seems to have turned in his favor, and it's a new apple. steve jobs never visited apple. tim has been there twice. >> well said. it's not insignificant. a 1% move. we were talking about the way that google played controversy in china versus how apple is now doing it. a market this size and this important, you almost can't fight that tape. >> no, carl, you can't. and i think hopefully they're learning from the google experience, which is not pleasant. they have a $20 billion business. it's 13% of their sales. it's growing very rapidly. if you look at the whole of a a asia, it's much larger than that. they basically behave as an exporter with multinational companies. they have to become more global. if you look at the executive committee, it's all caucasian american males. and they need chinese. they need people mor
i personally think it goes back to that he is caught in the inner governmental warfare after the obama administration challenged two chinese companies over cyber security, and i think this is a retaliation. so tim was being caught in the middle. he did the right thing, and it seems to have turned in his favor, and it's a new apple. steve jobs never visited apple. tim has been there twice. >> well said. it's not insignificant. a 1% move. we were talking about the way that google played...
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Apr 3, 2013
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we saw on the "washington post" an article, obama administration pushes banks to make home loans to people with weaker credit. a frequent guest on my program said that would open the flood gates to risks and send us back to the path we were just trying to recover from. really? listen. young people, maybe it's better to rent for a while. when i was young, rates were 15%, 16%, you rent for a while. we don't need more tampering. it didn't work out the first time. back to you, david. >> it certainly did not, mr. santelli. what words of advice would they give for the smart phones today? tweet us and we'll air your responses next. welcome to the new new york state. what's the "new" in the new new york? a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your
we saw on the "washington post" an article, obama administration pushes banks to make home loans to people with weaker credit. a frequent guest on my program said that would open the flood gates to risks and send us back to the path we were just trying to recover from. really? listen. young people, maybe it's better to rent for a while. when i was young, rates were 15%, 16%, you rent for a while. we don't need more tampering. it didn't work out the first time. back to you, david....
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Apr 10, 2013
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administration is for and the education grants and credits for middle class families and other programs in this budget. rough sledding ahead for a lot of those tax increase items and the real question, david, is going to be, does the president succeed in luring republicans into a compromise discussion in which republicans accept additional tax increases for deficit reduction? if not, there's not going to be any deficit reduction. >> that is the key question. >> the carried interest is still out there. john harwood, thank you. we'll be watching closely. >> david, now from the white house to the front office. after ron johnson's exit, mike ullman has returned to jc penney in hopes of turning around the dwindling retailer. ullman spoke to one sell side analyst after the announcement was made and here with his big takeaway is matthew boss, retail analyst with j.p. morgan. matthew, welcome. >> good morning. thanks for having me. >> i want to get right to it. what did he tell you what the strategy will be? is he going to continue what ron johnson did, or will he do his own thing. >> he'll def
administration is for and the education grants and credits for middle class families and other programs in this budget. rough sledding ahead for a lot of those tax increase items and the real question, david, is going to be, does the president succeed in luring republicans into a compromise discussion in which republicans accept additional tax increases for deficit reduction? if not, there's not going to be any deficit reduction. >> that is the key question. >> the carried interest...
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and of course as you point out in the obama administration and i will give you this point the obama administration had a smaller group of people to look at and what they also did is they decided to up the risk quotient that they're willing to take and that's part of the reason that eighty six were cleared for transfer that doesn't mean they were innocent no one even the obama station didn't say they were innocent of what you say is they are going to you we are transfer thomas go ahead before we go to the break so but they cleared every they've been cleared charles they've been cleared yeah just like you go to make sure that you're hungry something very serious going on here something absurd is going on here many have gone back to being over certain stories many have gone back to recidivate activity you know wait a second now wait a second you think and many of them are certain many of the people you know wait no no you say that i'm saying something absurd i don't even understand it i'm not saying they're unique population i'm not saying are you saying all of them were terrorists tha
and of course as you point out in the obama administration and i will give you this point the obama administration had a smaller group of people to look at and what they also did is they decided to up the risk quotient that they're willing to take and that's part of the reason that eighty six were cleared for transfer that doesn't mean they were innocent no one even the obama station didn't say they were innocent of what you say is they are going to you we are transfer thomas go ahead before we...
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Apr 12, 2013
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the obama camp for the first time in this administration is floating an it intomentment reform. the republican question is what can they get from leverage and get in the deal if they accept the chain cpi? >> so obama has been extremely clear it's not a menu. you can't take the change -- >> i think the chain cp sirks a good idea. but i'm not going to trade that for a trillion dollar tax height. guns, bibles and no taxes, ann coulter. that's my motto on a friday night. many thanks to ann coulter. now, many more details from the still developing kpmg insider trading case. and we asked, what is the fate of the kpmg audits of the companies who had their information leaked? we have a live report from los angeles with cnbc's jane wells coming right up. oh, he's a fighter alright. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and u
the obama camp for the first time in this administration is floating an it intomentment reform. the republican question is what can they get from leverage and get in the deal if they accept the chain cpi? >> so obama has been extremely clear it's not a menu. you can't take the change -- >> i think the chain cp sirks a good idea. but i'm not going to trade that for a trillion dollar tax height. guns, bibles and no taxes, ann coulter. that's my motto on a friday night. many thanks to...
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about the rest of the news yesterday the senate judiciary committee heard testimony on the obama administration's remote assassination program for ria al it was me young man a man who was a village was destroyed by a drone attack was one of the speakers he accused the us of harsh terms of pushing your many into the arms of islamic militants. now however when they think of america they think of that that they feel from the drones that whole vote of it heads they need to fired missiles and he thought what the violent militants had the previously failed to achieve one drone strike accomplished in and instant it is now and against america. this is not an isolated insistence the drone strikes the face of america too many images. president obama was elected in two thousand and eight on a tide of anti-war sentiment unlike his rival for the democratic nomination hillary clinton who had voted for the iraq war as senator from new york in two thousand and three he had openly criticized that conflict during his time in the illinois state senate and unlike john mccain the republican nominee for president then
about the rest of the news yesterday the senate judiciary committee heard testimony on the obama administration's remote assassination program for ria al it was me young man a man who was a village was destroyed by a drone attack was one of the speakers he accused the us of harsh terms of pushing your many into the arms of islamic militants. now however when they think of america they think of that that they feel from the drones that whole vote of it heads they need to fired missiles and he...
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Apr 18, 2013
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if obama nearly tried, it could produce a million jobs in the oil and gas industry. that's not even including the ancillary small businesses or the factory jobs that we moved here from other countries to benefit from our cheaper energy costs. but here's the rub. in order to achieve energy independence within president obama's time in office, the president would have to embrace natural gas as a surface fuel, the way they do in other countries with bountiful gas reserves. he has the ability to order government automobiles, trucks to convert to natural gas. that would then foster a huge job-creating infrastructure and make the importation of oil from diesel fuel oneua all our itsntan irrelevance. ver, ithe president did that h environmental base would be furious. so instead, he says, he favors all sorts of energy. hey, that's the same thing as doing nothing. he needs to say nat g our fuel. we're going to use it to clean up our skies and also become energy independent. sound impossible? listen. i'm not talking about giving this industry one red cent. unlike the handouts
if obama nearly tried, it could produce a million jobs in the oil and gas industry. that's not even including the ancillary small businesses or the factory jobs that we moved here from other countries to benefit from our cheaper energy costs. but here's the rub. in order to achieve energy independence within president obama's time in office, the president would have to embrace natural gas as a surface fuel, the way they do in other countries with bountiful gas reserves. he has the ability to...
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now on the fact there you know any more insight as to why the obama administration is choosing to try this suspect as a civilian and not in a military tribunal well maybe in one of the loudest arguments against treating it as an enemy come combatant is of course the fact that people have been saying guys that we have to keep in mind that we're talking about a u.s. citizen who committed a crime on u.s. soil and involving americans and the largest the biggest argument that legal experts are using is basically if this happens if this person is tried in a military tribunals that would set a major president basically allowing officials to try americans like this and certainly that is something that has been raising. lots of eyebrows and as we know of course the white house has opted against that option and meanwhile a necessity of the t.s.a. announced today that it will hold off on a planned policy change to allow small knives on airplanes airplanes there we're going to allow people to start carrying knives of less than two point five inches long could this be because of the boston maratho
now on the fact there you know any more insight as to why the obama administration is choosing to try this suspect as a civilian and not in a military tribunal well maybe in one of the loudest arguments against treating it as an enemy come combatant is of course the fact that people have been saying guys that we have to keep in mind that we're talking about a u.s. citizen who committed a crime on u.s. soil and involving americans and the largest the biggest argument that legal experts are using...
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now back to the other breaking news story of the day and that's whether or not the obama administration is already
now back to the other breaking news story of the day and that's whether or not the obama administration is already
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the obama administration now releasing the latest u.s. intelligence assessment. the intelligence assessment believing with varying degrees of confidence that the syrian regime of president bashar al assad has used chemical weapons on what they describe as a small scale in syria, specifically the chemical agent sarin. that's the intelligence assessment. they're now searching for hard evidence to backup that intelligence assessment saying given the stakes involved and what we have learned from our own recent experience referring to the lack of wmd or chemical weapons found in iraq back in 2003, intelligence assessments the white house says alone are not sufficient, only credible and corroborated facts that provide us with some degree of certainty will guide our decision making and strengthen our leadership of the international community. barbara starr's our pentagon correspondent. barbara, our viewers know in recent weeks and months the president has said if there's evidence of u ched by the syria regime or transferred to terrorist groups, that's a red line for the
the obama administration now releasing the latest u.s. intelligence assessment. the intelligence assessment believing with varying degrees of confidence that the syrian regime of president bashar al assad has used chemical weapons on what they describe as a small scale in syria, specifically the chemical agent sarin. that's the intelligence assessment. they're now searching for hard evidence to backup that intelligence assessment saying given the stakes involved and what we have learned from...